Bittensor (TAO)Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Bittensor (TAO) is decentralizing the process and creating a peer-to-peer market for machine intelligence. It enables the collective intelligence of AI models to come together, forming a digital hive mind.
Anyway, it is clear that TAO's movement was great. First, oscillating in a triangle pattern, breaking this triangle upward, and rising more than 1000%. Then the correction started, which seems unfolding in an inverted-descending wedge pattern. Let's see when TAO breaks this wedge upward.
TAOUSDT
TAO/USDT On the Edge of Major Breakout From Symmetrical Triangle💎#TAOUSDT is on the verge of a major market move as it approaches the upper boundary of a Symmetrical Triangle. Currently, it's testing the channel’s resistance, supported by strong momentum at $381.8. This positioning offers a substantial chance for a breakout, setting the stage for an upward trajectory.
💎However, if #Bittensor cannot sustain this momentum and dips below the critical support of $381.8, it may signal a weakening trend with potential declines. The subsequent critical demand zone at $330.03 is our watchpoint, renowned for its liquidity and history of initiating significant upward movements.
💎In the case that GETTEX:TAO revisits this demand zone, achieving a robust rebound to affirm support is imperative. A failure to do so could intensify bearish forces, tarnishing market sentiment and potentially catalyzing further price drops.
💎Stay vigilant and adaptive, Paradisers. Your ParadiseTeam is actively monitoring and ready to navigate the potential shifts in the #TAO market.
MyCryptoParadise
iFeel the success
#TAO Bittensor currently at critical support/resistance ...#TAO tao's all time high from this chart is $795
Tao Bittensor has retraced almost 60% from it's all time high to it current price of $375 forming a double bottom!
Expecting price action to remain supported around this region for higher prices.
GETTEX:TAO Up resistances: 479, 578, 659, 752 then 847, 938, 1070
Invalidation under 340 support!
TAO PUMP SEASONTao is a prominsing AI coin that lots of time has made good money. Usually, i like to scalp TAO but actually i want to hold it also considering the NVIDIA earnings. I think we will see a pump on most AI coin, and TAO could lead to pump. First target the resistane area at $645, but first we need to close above the resistance boxi drawed, that it's a daily strong resistance level
TAO Long scalp setupIt's a long time i am not trading TAO, but i was checking this chart and setup looks good for a scalp long. Actually the price is sitting on H1 support zone, and on smaller timeframe is showing a potential reversal pattern (break of m5 timeframe and bullish divergence). I am targeting local highs and i placed my personal stoploss a bit more aggressive, but placing it below the support zone at 428 could be safer
$TAO Bittensor Tao's Broadening WEdge... Still Retracing?GETTEX:TAO has done a 38% retracement from its all time height of over $760
Current price: $524
If Bittensor's price action continues to respect this broadening wedge, only two outcomes are possible:
1. #tao can continue its retracement to lower supports 479, 429 (perfect dip buying opportunities) Else
2. Tao will continue its ascent to higher prices retesting resistances at 578, 659, 752 and possible price discovery at 847, 950
TAOUSDT Strong buy signal above the 1D MA50Bittensor (TAOUSDT) has been trading within a Channel Up pattern since November 20 2023. Both of its Higher Lows have been formed on the 1D MA100 (green trend-line) with the latest being on March 30.
Today the price broke above the 1D MA50 (blue trend-line) for the first time in 2 weeks (since March 26). If the candle closes above it, we expect that to be the start of the new Bullish Leg to a Higher High, similar to the January 24 break-out. Our target is 1800 (+295.98% from the Low, similar to the previous Bullish Leg).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
TAO/USDT LongYou can see how the price is based on the lower border of the channel, which may result in a reflection of the price, which is in the entry zone into a potential long, with a stop loss at $479. A potential confirmation may be a break above the purple downtrend line.
The RSI shows a return to the local support line, and the STOCH indicator shows that we are exceeding the lower limit, which may also change the price direction.
TAO/USDT EXPLOSIVE MOVEMENT!!! TAO SMASHED through buyside and VIOLATED the hourly imbalance. Where is it going next??
After TAO smashed buyside and violated the hourly imbalance, we must look for our next area of interest.
Looking at the hourly chart, we see that there is a volume imbalance that needs to be rebalanced AND an hourly SIBI that needs to be rebalanced as well!
Looking to see how price reacts when it reaches these levels.
IF it violates these levels, then it's telling us that it wants to take out more buyside liquidity.
IF it respects these levels and shifts in market structure lower, then we shall see a reversal to the downside.
There are always multiple outcomes so it's BEST to be patient, and RESPOND to what price is telling us rather than REACT!!
Remember:
THIS IS NOT FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR. I AM SHARING MY IDEAS IN HOPES OF OTHERS SHARING THEIRS WITH ME AS WELL SO WE CAN LEARN AND GROW TOGETHER. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK. DO YOUR OWN RESEARCH. ANALYZE YOUR OWN MARKETS. AND TRADE SAFE!
We was right again! TAONice play on TAO, it's dropped nicely from our entry. I am fully out from my short entry and i am now waiting to place a long order. It's approaching support and the main trend is bullish, so i just want to see a bullish signal to reverse into a long position targeting new highs
$TAO Bittensor Tao's Rounded Top pattern...FWB:TAO rose to a height of $397 and has recently retraced to form a rounded Top pattern.
Current price: $225
The rounded top pattern is usually a bearish pattern and prices most likely will continue downwards 80% of the time! Supports 194, 156, 126 will be tested!
But There's a 20% chance that FWB:TAO 's retracement is complete and is ready for higher prices:
Resistances: 271, 302, 336, 379, 430, 479